CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

The Monopoly Demand Curve

What is the s...

Question

What is the slope of the demand curve for Giffen goods?

Open in App

Solution

Slope of the demand curve for Giffen goods is upward sloping, indicating a positive relationship between price and quantity demanded of a commodity.

Suggest Corrections

thumbs-up

0

Similar questions

Q. The demand curve for Giffen goods is ________.

Q. For a Giffen good, the demand curve ________.

Q. Assertion :The demand curve has negative slope showing inverse relationship between price and the quantity demanded. Reason: This applies only to Giffen goods

Q. The income demand curves of the Giffen goods have a ________.

Q. In the case of a Giffen good, the demand curve will be.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Monopolist's Problem

ECONOMICS

Watch in App

explore_more_icon

Explore more

The Monopoly Demand Curve

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon